TD Securities analyst Michael Tupholme reinstated coverage of AG Growth (AGGZF) with a Buy rating and C$41 price target after the company reported Q3 results following various filing delays and an Audit Committee review found no “material concerns” on key aspects of the company’s Brazil operations. Despite near-term agriculture market headwinds, we the firm views the medium-to-LT outlook as “favorable” and valuation as “attractive.”
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Read More on AGGZF:
- Ag Growth International Weighs Growth Against Cash Strain
- AG Growth price target raised to C$34 from C$33 at CIBC
- AG Growth price target lowered to C$40 from C$47 at Desjardins
- AGI Delivers Q3 Revenue Growth on Commercial Strength, Taps Brazil Financing Vehicle to Bolster Cash Flow
- Ag Growth International Updates Market on Management Cease Trade Order and Q3 Filing Delay
